- Is demat account mandatory?
- What happens if I don’t use my demat account?
- Is it OK to have two demat accounts?
- Is there any minimum balance for demat account?
- How can I invest in SGB in SBI?
- Can I close my demat account?
- Which bank is best for Bonds?
- What is RBI tax free bonds?
- What is the minimum balance for demat account?
- Can I trade without demat account?
- Is demat account necessary for RBI bonds?
- Can I buy SGB without demat account?
- Can I hold SGB after 8 years?
- Can I sell SGB before 5 years?
- Can we withdraw money from demat account?
Is demat account mandatory?
Just like a bank account holds your money, a demat account holds your shares or securities.
A demat account is needed when you want to trade or hold shares on a delivery basis.
On the other hand, if you want to trade in future and options (F&O) only, then there is no requirement for the account..
What happens if I don’t use my demat account?
If you do not pay the AMC for you’re demat account, following things will happen: You will be bombarded with reminders via Email, SMS and Phone Calls by the broker. After some time, your demat account is declared a dormant account (inactive). This means you can’t do any transaction until it’s reactivated.
Is it OK to have two demat accounts?
It is perfectly legitimate to have multiple Demat accounts just as you can have multiple trading accounts. The only condition is that you cannot have multiple trading accounts or multiple Demat accounts with the same broker or the same DP.
Is there any minimum balance for demat account?
it should be noticed that unlike every bank account where we have to keep a minimum balance, demat account does not require you to have a minimum number of securities. You can open a demat account with zero amount and also you need not have any minimum balance to maintain the account.
How can I invest in SGB in SBI?
To apply for Sovereign Gold Bonds online, SBI account holders need to log into the bank’s Personal Internet Banking portal. Thereafter they need to click on the “Sovereign Gold Bond Request” to apply for the bonds. “This Akshaya Tritiya, we wish you and your family joy and prosperity.
Can I close my demat account?
Demat accounts attract annual fees and maintenance charges. It is a good idea to close all your inactive or zero balance demat accounts. … Closing a demat account involves visiting the DP office or branch by any of the demat account holders and submission of requisite form and documents.
Which bank is best for Bonds?
Investment Strategies of Best Corporate Bond FundsHDFC Corporate Bond Fund. … ABSL Corporate Bond Fund. … ICICI Prudential Corporate Bond Fund. … IDFC Corporate Bond Fund. … Sundaram Corporate Bond Fund. … Kotak Corporate Bond Fund. … Invesco India Corporate Bond Fund. … Edelweiss Corporate Bond Fund.More items…•
What is RBI tax free bonds?
RBI bonds and tax-free bonds are one of such alternate investment options that are being looked upon by investors for parking their money. RBI bonds come with a lock-in period of 7 years while offering 7.75 per cent return without any tax-saving option for the investor.
What is the minimum balance for demat account?
Usually, there are no maintenance charges for a basic demat account with a balance of up to Rs 50,000. Those with holdings worth Rs 50,001 to Rs 2 lakh would have to pay anywhere between Rs 100 and Rs 750, depending on the number of transactions made.
Can I trade without demat account?
Can I have a Trading account without a Demat account? Demat account is only required if you want to hold shares in demat form. … For example, intraday equity trades, futures trades, options trades, and currency trades are executed in your Trading account, but they do not impact your Demat account.
Is demat account necessary for RBI bonds?
The RBI Savings Bonds are one of the safest investment options as it is issued by the RBI on behalf of the Government of India. … The bonds will be issued in demat form and credited to the Bond Ledger Account (BLA) of the investors. But these bonds are neither tradeable in the secondary market nor transferable.
Can I buy SGB without demat account?
Yes, to buy a sovereign gold bond you don’t require a demat account. If you have a demat account, it is preferable to get holdings of your SGB in your demat format so you can trade the same on exchange.
Can I hold SGB after 8 years?
In case of SGBs, redemption of gold bonds will be entirely tax free in the hands of the investor. (Gold bonds have tenure of 8 years and can be redeemed after a period of 5 years). However, if the SBGs are sold in the secondary market then they will attract capital gains at the extant rates.
Can I sell SGB before 5 years?
However, there will be a one basic distinction. Units in MF SIP can be redeemed as per need but units of SGB can be redeemed only after 5 years and that too at half-yearly interval.
Can we withdraw money from demat account?
Please note that there will not be any withdrawal from the demat account. Demat account is like a bank account in that it holds securities and shares just as a bank holds cash. But you cannot any cash with your demat account. Any transaction in a demat account will have to be executed through the trading account only.